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Dec 9, 2012
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and frankly, and that's what speaker boehner is worried about. he is worried that if he makes this kind of deal, and works with nancy pelosi and works with the white house, that he could lose his speakership over. it but he has been moving in this last week, he has been removing recall trants from committee assignments. he has been exercising the powers that he should as a leader. >> president obama is not just sitting there. he has come forward asking to raise the debt ceiling. are you following that? >> yes. >> what do you think of that, and what do you think the congress thinks of that? >> well, it has to be raised. >> that's the power of the purse. >> the power of the purse is the power to spend. congress has already authorized and appropriated all of this money. now, it wants to come back in and prevent the government from paying the debts accrued by congress itself. so there is something absurd in congress coming in behind, and saying all of am money that we appropriated, we -- this money that we appropriated, we don't want to pay for it. w
and frankly, and that's what speaker boehner is worried about. he is worried that if he makes this kind of deal, and works with nancy pelosi and works with the white house, that he could lose his speakership over. it but he has been moving in this last week, he has been removing recall trants from committee assignments. he has been exercising the powers that he should as a leader. >> president obama is not just sitting there. he has come forward asking to raise the debt ceiling. are you...
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Dec 6, 2012
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the white house is beginning to notice and now believe there is a deal boehner can find the stroets pass it. >> an idea what's really at stake. rebecca jarvis has a look how the government spends money and how it could spend less. rebec rebecca, good morning. >> reporter: good morning. >> the question comes up in terms of the money that we're talking about in raising the rate. how much is it that the republicans are objecting to? >> if you look at that $250,000 number, if you were to raise taxes on everybody making $250,000 or more in the country that would raise about $700 billion in revenue over the next ten years. that's a drop in the bucket compared to our $16 trillion debt, our $1 trillion deficit, and so what a lot of people are saying, and argues, when they look at this situation is, if you're really going to be serious about deficit reduction it can't just be about taxes. it has to be about spending cuts, too. >> on that point of spending, it's always important to remember, where do we spend money in the federal budget jt you've put together to remind us exactly where do we spend
the white house is beginning to notice and now believe there is a deal boehner can find the stroets pass it. >> an idea what's really at stake. rebecca jarvis has a look how the government spends money and how it could spend less. rebec rebecca, good morning. >> reporter: good morning. >> the question comes up in terms of the money that we're talking about in raising the rate. how much is it that the republicans are objecting to? >> if you look at that $250,000 number,...
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Dec 18, 2012
12/12
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>> reporter: scott, this is speaker boehner acknowledging that they are running out of time. so he's calling a vote on a plan later this week that he know it is white house won't like in the hopes they'll make big concessions in talks now to avoid it. >> our plan "b" would protect american taxpayers. >> reporter: speaker boehner said he'll take his plan directly to the house floor with a bill to extend the low bush-era tax rates for all americans making less than one million dollars a year. that's far higher than the $400 income cutoff the president is currently proposing. higher still than president obama's campaign promise-- to let taxes rise on households making $250,000 or more. boehner said he has to bypass talks with the white house and hold a vote on his plan now because the president's latest fiscal cliff proposal still isn't balanced between taxes and cuts. what is your definition of a balanced deal? does it have to be dollar for dollar spending cuts? >> most people would agree that that's balanced. >> can it just be close to that? or does it have to be exactly equal
>> reporter: scott, this is speaker boehner acknowledging that they are running out of time. so he's calling a vote on a plan later this week that he know it is white house won't like in the hopes they'll make big concessions in talks now to avoid it. >> our plan "b" would protect american taxpayers. >> reporter: speaker boehner said he'll take his plan directly to the house floor with a bill to extend the low bush-era tax rates for all americans making less than one...
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Dec 5, 2012
12/12
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>> reporter: scott, ther there a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'ers.e.c.geithneg over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary tkpwaoeugter is.e.c. geithnerree done through tax loopholes not raising rates on the wealthiest americans. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to
>> reporter: scott, ther there a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'ers.e.c.geithneg over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president...
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Dec 9, 2012
12/12
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. >> jeff: back in washington president obama and house speaker john boehner did meet at the white house this afternoon. for more talks on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the cab ukee theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there tangoing you got a chance to get it done. >> meanwhile urging both sides to get this done jeffrey immelt chairman of general electric spoke to charlie rose. >> i would say the business community almost universitily speaks with one voice that this needs to get done and get done now. and moving it to next year is just failure. >> jeff: you can see the full jeffrey immelt interview first thing tomorrow on cbs this morning. >> big business is to the alone in wanting to avoid the fiscal cl
. >> jeff: back in washington president obama and house speaker john boehner did meet at the white house this afternoon. for more talks on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the cab ukee theatre, one side making an offer, the other rejecting it and...
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Jul 10, 2012
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because you'll remember, john boehner, the republican house speaker, said earlier in the week he couldn't make people love mitt romney. haley barbour said, well, there's a lot to love about him, but said in the end, i think the election is all about defeating barack obama. i'm not sure that's right. i think both of these candidates are going to have to give us a little more to go on. it's so close now and it's going to be close right up until the end. >> bob, talk with us a little bit about this announcement from the president yesterday about the tax cuts. a lot of people saying this is purely political, despite denials from the white house. is it an attempt to simply move away from the numbers on the economy and friday's job report? >> well, you can certainly make that argument. yes, i would guess that there is a political component to this. we do have an election coming here, but this is just a continuing effort to draw the line. because while the romney people are trying to make this a referendum on barack obama, the obama people are trying to make it a referendum on mitt romney. they'
because you'll remember, john boehner, the republican house speaker, said earlier in the week he couldn't make people love mitt romney. haley barbour said, well, there's a lot to love about him, but said in the end, i think the election is all about defeating barack obama. i'm not sure that's right. i think both of these candidates are going to have to give us a little more to go on. it's so close now and it's going to be close right up until the end. >> bob, talk with us a little bit...